Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

Which of the following statements regarding effective control system is false? Group of answer choices Excessive controls are costly in time and money. Controls should

Which of the following statements regarding effective control system is false?

Group of answer choices

Excessive controls are costly in time and money.

Controls should measure the performance of all areas.

Outdated information is inappropriate.

Controls should be simple.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial accounting

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

8th Edition

9780135114933, 136108865, 978-0136108863

More Books

Students also viewed these Accounting questions

Question

★★★★★

What are the major factors that firms consider when choosing a country in which to locate?

Answered: 1 week ago

Question

★★★★★

Sam has the following at the end of 2020: Total Income $18,750 Taxes 2,812 Net Income: 4,939 Net Cash Flow 275 Net Worth -31,456 Total Assets. 8,626 Total Debt 40,082 What is her Debt to Asset Ratio?

Answered: 1 week ago

Question

★★★★★

27. A shipping company handles containers in three different sizes: (1) 27 ft3 (3 3 3), (2) 125 ft3, and (3) 512 ft3. Let Xi (i 1, 2, 3) denote the number of type i containers shipped during a...

Answered: 1 week ago

Question

★★★★★

Kelly Services (Kelly) places employees at clients businesses on a temporary basis. It segments its services into (1) Commercial, (2) Professional and technical(3) International. Kelly recognizes...

Answered: 1 week ago

Question

★★★★★

Hruska Corporation's production budget for next year contained the following estimates: \ table [ [ Units to be produced, 1 1 st Quarter, 2 nd Quarter, 3 rd Quarter, 4 th Quarter ] , [ , 1 0 , 7 0 0...

Answered: 1 week ago

Question

★★★★★

Use the continuous compound interest formula to find the indicated value. P $4,000; r = 5.15%; t = 4 years; A = ? A = $ (Round to two decimal places as needed.)

Answered: 1 week ago

Question

★★★★★

a. The owner invested $17,800 cash in the company. b. The company purchased supplies for $1,200 cash. c. The owner invested $11,400 of equipment in the company in exchange for more common stock. d....

Answered: 1 week ago

Question

★★★★★

Fara wants to buy a new smartphone and is willing to pay $800 based on her preferences and budget. She finds the phone on sale for $600, and she decides to purchase it. What does the difference...

Answered: 1 week ago

Question

★★★★★

( b ) Martha approaches Maria Swanepoel of Swanepoel Inc., an attorney at law practicing in the Pretoria East area to assist her with her claim for damages resulting from her dispute with Joseph. The...

Answered: 1 week ago

Question

★★★★★

As of November 1, 1999, the exchange rate between the Brazilian real and U.S. dollar is R$1.73/$. The consensus forecast for the U.S. and Brazil inflation rates for the next 1-year period is 3.3% and...

Answered: 1 week ago

Question

★★★★★

Polycorp plans to pay a dividend of $6 in one year time dividend are then expected to increase by $1 a year for 5 year after that they are expected to grow at 2%pa forever shareholders required...

Answered: 1 week ago

Question

★★★★★

How can a report writer meet the needs of both primary and secondary readers? Give a specific example. (Objective 3)

Answered: 1 week ago

Question

★★★★★

What five steps are followed when conducting business research? (Objective 3)

Answered: 1 week ago

Question

★★★★★

What can a researcher do to create a comfortable, supportive environment for a personal interview? (Objective 3)

Answered: 1 week ago

Previous Question Next Question